Boyd Gaming (NYSE:BYD) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Boyd Gaming (NYSE:BYD) had its price target boosted by equities researchers at JPMorgan Chase & Co. from $89.00 to $90.00 in a note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 7.26% from the company’s previous close.

A number of other analysts have also weighed in on BYD. Mizuho set a $100.00 price objective on shares of Boyd Gaming in a research report on Monday, February 2nd. Truist Financial set a $110.00 price objective on shares of Boyd Gaming in a research report on Tuesday, January 13th. Susquehanna reduced their price objective on shares of Boyd Gaming from $89.00 to $87.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 7th. Wells Fargo & Company reduced their price objective on shares of Boyd Gaming from $84.00 to $83.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 16th. Finally, Stifel Nicolaus reduced their price objective on shares of Boyd Gaming from $95.00 to $91.00 and set a “hold” rating on the stock in a research report on Friday. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Boyd Gaming presently has an average rating of “Hold” and an average price target of $92.08.

Boyd Gaming Stock Down 5.9%

Shares of NYSE BYD opened at $83.91 on Friday. The firm’s 50-day moving average price is $83.82 and its 200-day moving average price is $83.47. The company has a current ratio of 0.54, a quick ratio of 0.52 and a debt-to-equity ratio of 0.78. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 3.68, a P/E/G ratio of 1.86 and a beta of 1.19. Boyd Gaming has a 12-month low of $67.67 and a 12-month high of $89.96.

Boyd Gaming (NYSE:BYD) last posted its quarterly earnings data on Thursday, April 23rd. The company reported $1.60 earnings per share for the quarter, missing analysts’ consensus estimates of $1.76 by ($0.16). Boyd Gaming had a return on equity of 26.53% and a net margin of 44.84%.The firm had revenue of $997.36 million during the quarter, compared to analysts’ expectations of $1.04 billion. During the same period last year, the company earned $1.62 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts anticipate that Boyd Gaming will post 7.56 EPS for the current fiscal year.

Boyd Gaming declared that its board has initiated a share buyback plan on Thursday, April 23rd that allows the company to buyback $500.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 7.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity at Boyd Gaming

In related news, insider Stephen S. Thompson sold 19,530 shares of the stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $83.59, for a total transaction of $1,632,512.70. Following the completion of the sale, the insider owned 22,009 shares of the company’s stock, valued at $1,839,732.31. This represents a 47.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director William R. Boyd sold 30,000 shares of the stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $84.84, for a total transaction of $2,545,200.00. Following the sale, the director directly owned 1,930,447 shares of the company’s stock, valued at $163,779,123.48. The trade was a 1.53% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 73,454 shares of company stock valued at $6,231,827 over the last 90 days. Insiders own 22.82% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Deprince Race & Zollo Inc. purchased a new position in shares of Boyd Gaming during the first quarter worth $21,810,000. Foster & Motley Inc. raised its holdings in shares of Boyd Gaming by 19.5% during the first quarter. Foster & Motley Inc. now owns 98,730 shares of the company’s stock worth $8,114,000 after purchasing an additional 16,119 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Boyd Gaming during the first quarter worth $1,381,000. Blue Trust Inc. raised its holdings in shares of Boyd Gaming by 23.0% during the first quarter. Blue Trust Inc. now owns 653 shares of the company’s stock worth $54,000 after purchasing an additional 122 shares during the last quarter. Finally, SG Americas Securities LLC raised its holdings in shares of Boyd Gaming by 426.0% during the first quarter. SG Americas Securities LLC now owns 78,616 shares of the company’s stock worth $6,461,000 after purchasing an additional 63,669 shares during the last quarter. Hedge funds and other institutional investors own 76.81% of the company’s stock.

Key Headlines Impacting Boyd Gaming

Here are the key news stories impacting Boyd Gaming this week:

• Positive Sentiment: Board authorized a $500 million share repurchase program, signaling management views the stock as undervalued; that support can underpin the share price over time. Read More.
• Positive Sentiment: Company repurchased roughly $155 million of common stock during the quarter, showing active capital returns even after the disappointing quarter. Read More.
• Positive Sentiment: Reported strong trailing profitability metrics (reported net margin and ROE remain healthy), providing a financial cushion versus peers. Read More.
• Neutral Sentiment: Management reiterated online EBITDAR guidance ($30M–$35M) and outlined a sizeable 2026 capex plan ($650M–$700M) — important for growth and maintenance but adds near-term cash needs. Read More.
• Neutral Sentiment: Analyst reactions are mixed: some firms trimmed targets (Stifel, Mizuho lowered targets) while others nudged targets higher (JPMorgan raised to $90), leaving consensus views split. Expect further target revisions as analysts digest regional trends. Read More.
• Negative Sentiment: Q1 results missed estimates: adjusted EPS ~$1.60 (consensus ~ $1.76) and revenue ~ $997M vs. higher expectations — the miss drove immediate selling pressure. Read More.
• Negative Sentiment: Adjusted EBITDAR declined year-over-year and analysts specifically flagged softness in Las Vegas locals and certain markets — a margin and volume concern that reduces near-term earnings visibility. Read More.
• Negative Sentiment: Notable insider selling and sizable institutional re-allocations reported in recent quarters add to investor caution. Read More.

Boyd Gaming Company Profile

Boyd Gaming Corporation (NYSE: BYD) is a diversified hospitality and gaming company headquartered in Las Vegas, Nevada. The company develops, owns and operates a portfolio of branded gaming and entertainment properties, including casinos, hotels, restaurants and meeting facilities. Boyd Gaming’s offerings range from slot machines and table games to live entertainment, dining concepts and convention space, designed to appeal to both regional and destination visitors.

Founded in 1975 by its namesake, William S.